Sentences with phrase «pension debt eats»

A year ago, we released The Pension Pac - Man: How Pension Debt Eats Away at Teacher Salaries, which showed that, over the last 20 + years, teacher salaries have not kept up with inflation, but total teacher compensation has.

In our new report, «The Pension Pac - Man: How Pension Debt Eats Away at Teacher Salaries,» we show that, like the proverbial Pac - Man, the rapidly rising costs of teacher retirement and insurance benefits are pushing out money that could be spent on salaries (Figure 1 from the paper).

Not exact matches

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Pension debt alone now eats up to about 10 percent of the average teacher's compensation.

There is considerable and growing evidence that 1) at least half of teachers today will not qualify for even a minimum state pension benefit; 2) state pension funds now carry roughly $ 500 billion in debt and are eating up larger and larger shares of teacher compensation; 3) most teachers would have a more valuable retirement if they participated in a traditional 401k plan; and, 4) today's teachers, to their own financial detriment, subsidize the pension of currently retired teachers.

Meanwhile, pension debt snowballed and Chicago's taxpayers and teachers, as well as CPS, are now eating the costs.

The state has $ 14 billion in pension debt that eats up a lot of the pension contributions made on behalf of teachers.